Atomistix develops software for modelling the electrical properties of nanoscale devices. In practice the software can be used for the design of nanocomponents that can make computer chips smaller and considerably increase the speed of computers.

Thomas Magnussen, managing director of Atomistix says that the investment will be used to expand the company, whose goal is to become a world leading supplier of software for atomic modelling. So far there are no competitors with corresponding products. Founded in October 2003, the company has already entered cooperation with Hewlett-Packard, and the US space organisation NASA has also shown an interest in the product.

Atomistix currently employs 15 people and, according to Thomas Magnussen, up to 200 people are expected to be employed in three years. There are plans to establish divisions in Singapore and Montreal, Canada in the coming months, informs Computerworld and Comon online.

More information: Atomistix